*As Bruce Niemeyer named Corporate Vice President of Strategic Planning
OpeOluwani Akintayo
with Agency report
04 February 2018, Sweetcrude, Lagos — Chevron Corporation has announced the election of Jim Umpleby its board of directors. Umpleby’s appointment takes effective March 1, 2018, when he will serve on the Board Nominating and Governance Committee as well as the Management Compensation Committee.
“Jim Umpleby brings a valuable perspective to the Board as chief executive of one of the world’s leading manufacturers of heavy equipment,” said Michael K. Wirth, Chevron’s chairman of the board and chief executive officer.
“He has a strong background in varied dimensions that are relevant to Chevron’s business, including international policy, heavy equipment engineering, environmental policy, and global workforce development.”
Umpleby, 59, is Chief Executive Officer and a member of the board of directors of Caterpillar Inc.
He joined a Caterpillar subsidiary, Solar Turbines, in 1980, and held leadership positions in a wide variety of functions at Caterpillar.
Umpleby was named group president of Caterpillar’s Energy & Transportation business segment in 2013 and assumed the role of CEO on January 1, 2017.
A graduate of the Rose-Hulman Institute of Technology with a Bachelor of Science degree in mechanical engineering, Umpleby has also completed an executive leadership program at the International Institute for Management Development in Lausanne, Switzerland.
He serves on Rose-Hulman’s board of trustees, on the board of directors of the US-India Strategic Partnership Forum, and is a member of the Latin America Conservation Council and the Business Roundtable.
Meanwhile, Bruce Niemeyer has been named corporate vice president of Strategic Planning, effective immediately.
Niemeyer is currently vice president of Chevron’s Mid-Continent Business Unit.
In his new role, Niemeyer, 56, will be responsible for setting the strategic direction for the company, allocating capital and other resources and determining operating unit performance measures and targets. He will report to Mark A. Nelson, vice president of Midstream, Strategy & Policy.
“Bruce has been instrumental in developing Chevron’s business in the mid-continent United States, including Chevron’s significant Permian assets,” said Michael K. Wirth, chairman and chief executive officer of Chevron Corporation.
“Bruce’s strong operating background, coupled with his strategic planning experience, make him exceptionally well-suited to lead our corporate strategy function as we look to further optimize our portfolio and position Chevron to win in any price environment.”
Previously, Niemeyer was vice president of the Appalachian/Michigan Strategic Business Unit.
In addition, Niemeyer served as general manager of strategy and planning for Chevron North America Exploration and Production Co.
He joined Texaco in 2000 from Atlantic Richfield Co.
Niemeyer will be succeeded by Jeff Gustavson, currently president of Chevron Canada Limited. In his current role, Gustavson is responsible for Chevron’s upstream interests in Canada, including oil sands, unconventional resources in Alberta and British Columbia, interests offshore Newfoundland and Labrador, the proposed Kitimat LNG project, and assets in the Northwest Territories and Yukon Territory.
Gustavson, 45, joined Chevron in 1999 and has held positions in Finance, Mergers & Acquisitions, Corporate Strategic Planning, Supply and Trading, Investor Relations and Upstream, with numerous assignments in the United States, as well as Venezuela, the United Kingdom and Canada.
He will report to Jeff Shellebarger, president of Chevron North America Exploration and Production.
